US 10-Year Breaches 5% as Inflation, Supply Worries Mount

toomuchtodo

https://archive.today/xgNhC

mindslight

Did anybody think Grumpism was going to go somewhere other than here? It's merely been the spite choice the whole time - a way for economic losers to stick their thumbs in the eyes of people who had been mildly successful. Pure crab bucket mentality, now with $40T more in the hole - and still no actual solutions to the problems we are facing. But that certainly doesn't stop those problems from being brought up to rally support for the next con job. And the people at the top certainly aren't suffering! We have basically squandered the advantages our grandparents sacrificed for, to satisfy some kind of collective ego based around American exceptionalism and ignorant fundamentalism. (edit: I guess a lot of people still aren't ready to hear it)

zug_zug

Correct me if I'm wrong but isn't there an inherent vicious cycle in that if the price gets too high our ability to pay it off becomes uncertain, at which point the premium for the risk would shoot up dramatically (and so on)?

whatever1

It is like watching on repeat the EU imploding from the debt crisis in 2009. The only difference is that the US can inflate away their debts and the world will keep buying the usd. The EU had to impose strict austerity, and essentially all the banks stopped providing any liquidity to businesses. Entrepreneurship and research just died overnight.

dhab

So what should those in the US and overseas do? Buy things and hoard before they get expensive? Buy gold? Something else? Taking a loan might be bad.